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A company purchased a delivery van for $20,700 with a salvage value of $2,100 on September 1, Year 1. It has an estimated useful life

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A company purchased a delivery van for $20,700 with a salvage value of $2,100 on September 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? Multiple Choice $775 $1.033 $1,150 $3.100 $3,450

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